South Kalgoorlie

POSTAL CODE: WA, 6430

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $387,000.

The upward trend in home prices in SOUTH KALGOORLIE, 6430 averaged 9.67% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 8.73% increase in returns based on the current median price in SOUTH KALGOORLIE.

An average of 11.75 real estate transactions take place per month in SOUTH KALGOORLIE which translates to 141 per annum.

141 properties were sold in SOUTH KALGOORLIE in 2016, making it the 424th most active market in WA based on total real estate transactions.

SOUTH KALGOORLIE, 6430 places 332nd in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $354,000.

Average median unit prices in WA have risen as a whole, pulling SOUTH KALGOORLIE, 6430 values up and netting property investors a capital gain of 1.14% for the past year.

Investors saw the median home price rise to $354,000.

The upward trend in home prices in SOUTH KALGOORLIE, 6430 averaged 28.29% per annum over a 3-year period.

SOUTH KALGOORLIE now ranks at the 143rd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in SOUTH KALGOORLIE are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $510 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SOUTH KALGOORLIE, homes and units usually stay on listing for an average of N/A.

14 properties were sold in SOUTH KALGOORLIE in 2016, making it the 139th most active market in WA based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$387,000	$354,000
Growth Report
Median Quarterly	2.52%	0.57%
Median 12 month	4.59%	1.14%
Median 3 years	29%	84.86%
Median 5 years	48.85%	0%
10 years average annual	4.61%	21.68%
Weekly media advert. rent	$650	$510
Time on Market	37.9 days	N/A
Gross Rental Yield Percent	8.73%	7.49%

Demographics (Median Values)*

Total Population 22746

Weekly Household Income 2186

Household Size 2.70

Average Age 32

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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